Daily trend of the market is down
Market is taking a counter rally but is trading at its immediate resistance. And as long trend trend is still down, so it is advised to stay away from the market and not create any longs positions till the trend remains down.
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Percentage above support
Percentage of stocks above support is above 50%, but it is advisable not to create fresh longs position and wait for market to settle down and then only create long positions in cash market. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: ABG Ship, Orchid Chem, Canara Bank, Vijaya Bank, United Phosphoro, Federal Bank, MLL, TCS, KS Oils & Bhushan Steel.
Weak Futures
This is the list of 10 Weak Futures: GMR Infra, Ispat Ind, Wipro, Finan Tech, Pir Health, Praj Ind, Apollo Tyre, JSW Steel, Welcorp & BRFL.
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